Bangkok Post – SEC tightens high-yield bond oversight as investment drops after defaults, Stark scandal

The Securities and Exchange Commission is stepping up supervision of high-yield bonds to boost payment safeguards and investor confidence after several recent defaults and a major accounting scandal rocked the market for speculative debt, SEC Secretary-General Pornanong Budsaratragoon said.

The SEC is now pro-actively contacting companies as soon as information or news emerges that the…